The CCM Community Impact Bond* CRA Shares (f/k/a the CRA Qualified Investment Fund CRA Shares) was launched in 1999 to help banks meet the investment test requirements of the CRA. The Fund is one of the nation’s largest mutual funds of community development investments.
Clients include nearly 400 banks nationwide – from large, national banks to local, community banks – with each bank shareholder receiving customized and extensive CRA reporting for their earmarked investments. The Fund offers CRA targeting where bank shareholders can direct their capital to support specific assessment areas and receive customized CRA reporting for each investment earmarked, noting the primary purpose is community development. The Fund seeks to preserve capital, deliver attractive risk-adjusted returns, and serve as the ballast in a portfolio. To learn more, read our 2023 perspective, How CRAIX can help your Bank with its CRA Investments.
Asset Class | Fixed Income |
Ticker | CRAIX |
Inception | 8/30/99 |
Dividends | Monthly |
Benchmark | Bloomberg Intermediate U.S. Aggregate Index |
Expense Ratio | 0.89% |
Strategy | Intermediate Core |
Month-End Data as of 3/28/2024 | |
---|---|
NAV | $9.35 |
Distribution | 0.022377 |
30-Day SEC Yield | 2.97 |
Total Fund Assets | $3.5 billion |
CRA Highlights as of 03/28/2024 | |
---|---|
Bank Shareholders | >390 |
CRA Exams | >1,700 |
CCM Impact | $15.8 billion |
YTD | 1-YR | 5-YR | 10-YR | Since Inception | ||
CRAIX | -0.36 | 1.38 | -0.31 | 0.82 | 3.01 | |
Bloomberg Intermediate U.S. Aggregate Index | -0.42 | 2.30 | 0.60 | 1.45 | 3.74 |
1Q24 | YTD | 1-YR | 5-YR | 10-YR | Since Inception | |
CRAIX | -0.36 | -0.36 | 1.38 | -0.31 | 0.82 | 3.01 |
Bloomberg Intermediate U.S. Aggregate Index | -0.42 | -0.42 | 2.30 | 0.60 | 1.45 | 3.74 |
3-month and YTD returns are not annualized. Performance quoted is past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. An investor’s investment return and principal value will fluctuate, so that your shares when redeemed may be worth more or less than your initial cost.
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How CRAIX Can Help Your Bank
Read our 2023 perspective, How CRAIX Can Help Your Bank With its CRA Investments, to learn more about the Fund, its earmarking process, and its extensive CRA reporting.
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